KKR & Co. Inc. (NYSE:KKR) Shares Sold by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC cut its position in shares of KKR & Co. Inc. (NYSE:KKR) by 37.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,064 shares of the asset manager’s stock after selling 1,810 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in KKR & Co. Inc. were worth $354,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KKR. Brighton Jones LLC increased its stake in KKR & Co. Inc. by 109.6% during the fourth quarter. Brighton Jones LLC now owns 4,661 shares of the asset manager’s stock worth $689,000 after acquiring an additional 2,437 shares during the last quarter. FIL Ltd increased its stake in KKR & Co. Inc. by 36.0% during the fourth quarter. FIL Ltd now owns 34,361 shares of the asset manager’s stock worth $5,082,000 after acquiring an additional 9,087 shares during the last quarter. Scotia Capital Inc. increased its stake in KKR & Co. Inc. by 595.8% during the fourth quarter. Scotia Capital Inc. now owns 14,077 shares of the asset manager’s stock worth $2,082,000 after acquiring an additional 12,054 shares during the last quarter. Rockefeller Capital Management L.P. increased its stake in KKR & Co. Inc. by 2.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 302,281 shares of the asset manager’s stock worth $44,680,000 after acquiring an additional 8,271 shares during the last quarter. Finally, Townsquare Capital LLC increased its stake in KKR & Co. Inc. by 47.6% during the fourth quarter. Townsquare Capital LLC now owns 20,530 shares of the asset manager’s stock worth $3,037,000 after acquiring an additional 6,617 shares during the last quarter. 76.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on KKR. Citizens Jmp lowered KKR & Co. Inc. from an “outperform” rating to a “market perform” rating in a research note on Monday, July 14th. Barclays increased their target price on KKR & Co. Inc. from $155.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, August 4th. Evercore ISI increased their target price on KKR & Co. Inc. from $130.00 to $150.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Oppenheimer increased their target price on KKR & Co. Inc. from $149.00 to $162.00 and gave the company an “outperform” rating in a research note on Monday, July 14th. Finally, Hsbc Global Res lowered KKR & Co. Inc. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 9th. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, KKR & Co. Inc. presently has an average rating of “Moderate Buy” and a consensus price target of $157.73.

KKR & Co. Inc. Stock Performance

KKR & Co. Inc. stock opened at $142.82 on Monday. The stock has a market cap of $127.20 billion, a P/E ratio of 66.43, a price-to-earnings-growth ratio of 1.54 and a beta of 1.87. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.77. The stock has a 50 day moving average of $135.44 and a 200-day moving average of $127.51. KKR & Co. Inc. has a 52 week low of $86.15 and a 52 week high of $170.40.

KKR & Co. Inc. (NYSE:KKR) last issued its earnings results on Thursday, July 31st. The asset manager reported $1.18 EPS for the quarter, topping the consensus estimate of $1.14 by $0.04. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.81 billion. KKR & Co. Inc. had a return on equity of 6.42% and a net margin of 12.95%. During the same quarter last year, the firm earned $1.09 EPS. On average, analysts expect that KKR & Co. Inc. will post 5.19 EPS for the current fiscal year.

KKR & Co. Inc. Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Monday, August 11th will be given a $0.185 dividend. This is a positive change from KKR & Co. Inc.’s previous quarterly dividend of $0.18. This represents a $0.74 annualized dividend and a dividend yield of 0.5%. KKR & Co. Inc.’s dividend payout ratio (DPR) is presently 34.42%.

Insider Transactions at KKR & Co. Inc.

In other news, Director Timothy R. Barakett bought 35,000 shares of the firm’s stock in a transaction dated Thursday, May 22nd. The stock was bought at an average price of $117.92 per share, for a total transaction of $4,127,200.00. Following the transaction, the director owned 185,000 shares in the company, valued at $21,815,200. The trade was a 23.33% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Henry R. Kravis sold 1,150,469 shares of KKR & Co. Inc. stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $119.80, for a total value of $137,826,186.20. Following the completion of the transaction, the chairman owned 73,006,022 shares of the company’s stock, valued at approximately $8,746,121,435.60. The trade was a 1.55% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,281,394 shares of company stock worth $413,158,033. 39.34% of the stock is currently owned by corporate insiders.

About KKR & Co. Inc.

KKR & Co, Inc operates as an investment firm. It offers alternative asset management as well as capital markets and insurance solutions. The firm’s business segments include Asset Management and Insurance Business. The Asset Management segment engages in providing private equity, real assets, credit and liquid strategies, capital markets, and principal activities.